I use "Camarilla Equation" in intaday trading.
Buy at L3 level, Sell at H3 level & Stoploss between L3-L4/H3-H4 level.
Please comment !
The Equation:
H4 = [1.1*(H-L)/2]+C
H3 = [1.1*(H-L)/4]+C
H2 = [1.1*(H-L)/6]+C
H1 = [1.1*(H-L)/12]+C
L1 = C-[1.1*(H-L)/12]
L2 = C-[1.1*(H-L)/6]
L3 =...